TSCP Awarded NSTIC Pilot to Secure Financial Transactions in Cyber Space

VIENNA, Va., Sept. 18, 2013 /PRNewswire-USNewswire/ -- The Transglobal Secure Collaboration Participation, Inc. (TSCP), a 501(C)(6) non-profit technical trade association, announced today that it has been awarded a pilot grant by the Department of Commerce's National Institute of Standards and Technology (NIST) to support the National Strategy for Trusted Identities in Cyberspace (NSTIC), an initiative signed by President Obama in April 2011.

NSTIC identifies a set of guiding principles for accelerating the use of trusted digital identity credentials. The strategy aims to deploy a system that helps secure transactions on the Internet, improve the public's awareness and control of personal information, protect user privacy and stimulate growth of online commerce.

"We are honored that NIST has selected TSCP to implement NSTIC pilots with leading enterprises that are focused on initiatives to protect and secure our national infrastructure. This will encourage new solutions and support open Internet standards for privacy, security, interoperability and ease of use," said Keith Ward, President and CEO of TSCP. 

The TSCP Team approach brings together governments, leading system integrators, technology solution providers, small and medium-sized businesses and financial services sector participants to collaborate in achieving NSTIC's goals. The TSCP pilots will use "trusted credentials" to conduct secure business-to-business, government-to-business and retail transactions for small and medium-sized businesses and financial services companies. One of the pilots, for example, will use the trusted credentials issued by small and medium-sized companies to conduct secure online business transactions with a major financial services provider.

One critical outcome of the TSCP pilots will be the development of an open source, technology-neutral Trust Framework Development Guidance document that can provide a standard for consistent and convenient online transactions to enable secure and privacy-enhancing online access for businesses and consumers.

"TSCP realized early on that there is no single government, agency or company that can address security in cyberspace on its own," said Ward. To demonstrate the NSTIC strategy and guiding principles, TSCP added several non-member teaming partners who will add depth to the team's overall expertise. The team partners include Chicago Mercantile Exchange, a major financial services company, the All Hazards Consortium, University of Virginia and Thomas J. Smedinghoff, a partner at Edwards Wildman Palmer LLP and chairman of the American Bar Association Identity Management Legal Task Force.

About TSCP: TSCP, Inc. is comprised of leading multinational corporations spanning defense IT, energy, financial services and technology companies in the United States and Europe, as well as U.S. government departments and agencies and European government ministries. TSCP is a government-industry partnership specifically focused on secure collaboration through mitigating the risks related to compliance, complexity, cost and IT that are inherent in large-scale, collaborative programs that span national jurisdictions.

TSCP members include: BAE Systems, The Boeing Company, EADS, Lockheed Martin, Northrop Grumman, Raytheon Corporation, U.S. Department of Defense, U.S. General Services Administration, National Aeronautics and Space Administration , U.S. Secret Service, the French Government, UK Ministry of Defence, the Netherlands Ministry of Defence, Microsoft, CA Technologies, Axiomatics, Boldon James, Centrify, Chevron, Deep Secure, Electrosoft Services, FuGen Solutions, Gemalto, ID DataWeb, HID, Intercede, Litmus Logic, National Aerospace Laboratory (NLR), NextLabs, Ping Identity, Syneren Technologies Corporation, Wave Systems.

For more information, visit TSCP on the web at http://www.tscp.org.

All product and company names herein may be trademarks of their registered owners.

TSCP Contact:
Keith Ward
President and CEO
Phone:  (703) 760-7898
Email: [email protected]

SOURCE Transglobal Secure Collaboration Program (TSCP)